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Strong PC Data For June Is Good For Micron Investors

In what could be good tidings for Micron Technology, Inc. , Citi said in a note that June notebook ODM shipments rose 17 percent month over month, exceeding expectations. This, according to the firm, comes about as the strength in the PC market continues.


Analysts led by Christopher Danely said second-quarter overall notebook shipments rose 7 percent sequentially, exceeding their estimate of 4 percent and the normal seasonality of 6-percent growth. Quoting an estimate by William Yang, Citi's Asia hardware analyst, the analysts said third quarter ODM notebook shipments would grow 6 percent, in line with seasonality 

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